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Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 - Business - Nairaland

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Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by postbox: 3:29am On Dec 14, 2017
TELECOM & IT

The National Bureau of Statistics on Wednesday, Dec 13, 2017, released the Selected Banking Sector Data: Sectorial Breakdown of Credit,
ePayment Channels, Deposits & Domestic Credit Breakdown and Staff Strength report for the third quarter of this year, Brandspur Nigeria reports.

A total volume of 213,693,964 transactions valued at N19.33 trn was recorded in Q3 2017 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.

In the report signed by the Statistician General of the Federation and Chief Executive, NBS, Dr. Yemi Kale and made available to BrandSpur Nigeria, the bureau said NIBSS Instant Payment (NIP) transactions dominated the volume of transactions recorded. 97,530,856 volume of NIP transactions valued at N13,963 bln were recorded in Q3 2017.

In terms of credit to private sector, a total of N15.83 trn worth of credit was allocated by the banks in Q3 2017. Oil & Gas and Manufacturing sectors got credit allocation of N3.54trn and N2.27 trn to record the highest credit allocation in the period under review.

As at Q3, 2017, the total number of banks staffs increased by 9.16% from 75,607 in Q2 2017 to 82,531.


SOURCE: https://brandspurng.com/banking-sector-reports-213-69-million-transactions-valued-at-n19-33-trillion-in-q3-2017/

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by 9jaDoc(f): 3:34am On Dec 14, 2017
Is that supposed to be good or bad
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nutase: 6:25am On Dec 14, 2017
cry
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by miqos02(m): 7:11am On Dec 14, 2017
Good

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by chibike69: 7:11am On Dec 14, 2017
grin
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by tstx(m): 7:12am On Dec 14, 2017
icame here by mistake

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Felixalex(m): 7:13am On Dec 14, 2017
9jaDoc:
Is that supposed to be good or bad

As u no understand am like me, make we wait for bobrisky news OR person wey mistakenly upload nude pix of themself or their spouse....no need to comment grin

4 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by okway2: 7:14am On Dec 14, 2017
9jaDoc:
Is that supposed to be good or bad

So you can know whether to shout “Buhari why” and “na we developers”? grin

I think there’s a bobrisky thread on front page. Go find am.

13 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by lorbah001(m): 7:14am On Dec 14, 2017
tstx:
icame here by mistake

......leave by intent

4 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by tstx(m): 7:15am On Dec 14, 2017
lorbah001:


......leave by intent
i did exactly that
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by shoskid(m): 7:15am On Dec 14, 2017
Good

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by vincent10(m): 7:17am On Dec 14, 2017
"Statistician general of the federation"

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nobody: 7:20am On Dec 14, 2017
I prefer a Buhari that is this bad than an Atiku we know his antecedent in the PDP

3 Likes 2 Shares

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by chus22: 7:21am On Dec 14, 2017
[b][/b]no problem lets hope for a better more Development.... Finally I think Nigeria economy is in a financial caricature... The Youth are nothing is this country, money rules, brains fell, intelligency rots..... We must rock in 2018.. We must rule God over us.. Youngest Youth ever..
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by money121(m): 7:21am On Dec 14, 2017
Well-done banking sector

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by psp2pc(m): 7:21am On Dec 14, 2017
what should I do with this info now.?
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by superstar1(m): 7:22am On Dec 14, 2017
Economy is simply growing.

Companies are recruiting.

Companies are being established and others are expanding their operations.

Employment rate is increasing.

Agric business is booming

National reserve is increasing

FX rate is stable.

FDI inflow into the country is increasing.

We are having balance of trade.

We are not using our FX to.import tooth picks again, thereby reducing the demand on national reserve and also keeping employment within our shores.

I will re-cast my vote for PMB/PYO by the special grace of God.

2 Likes 2 Shares

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by wristbangle: 7:23am On Dec 14, 2017
The statistics show a great improvement of dealings/transaction as against Q2 under period of review thus indicating the economy is growing.

2 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nobody: 7:23am On Dec 14, 2017
divicode:
I prefer a Buhari that is this bad than an Atiku we know his antecedent in the PDP

I prefer we replaced both with a team of technocrats

4 Likes

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by hush15: 7:25am On Dec 14, 2017
miqos02:
Good
What’s good about it ? The banking sector has always been the dominant player in Nigeria since time immemorial. They are our nations biggest extortionists and government keep subjecting us to their monopoly rule. How is that a good thing?

1 Like

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by SNIPER123: 7:26am On Dec 14, 2017
cheesy
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by superstar1(m): 7:27am On Dec 14, 2017
hush15:

What’s good about it ? The banking sector has always been the dominant player in Nigeria since time immemorial. They are our nations biggest extortionists and government keep subjecting us to their monopoly rule. How is that a good thing?

When they were sacking in 2015, was it not a.source of propaganda then?

So celebrate the good news from.the sector too.

2 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by AishaBuhari: 7:28am On Dec 14, 2017
Why won't they record highest turnouts in Q3? When Banks in collaboration with Politicians rob us in broad day light! angry

After the N50 card maintenance fees and high loan interest rates by banks suffocating their subscribers!

Rough Estimate 1 - Inconvenience
For owning a single bank account;
Now multiply N50(Card Maintenance) x 190 million (rough population stats) = N9,500,000,000 (Nine Billion, Five Hundred million Naira) only. Just for one month.

Per Annum; N9,500,000,000 x 12(months)
= N114,000,000,000 (One Hundred and Fourteen Billion Naira) only.

Rough Estimate 2 - Convenience
For owning multiple accounts; in my case I own 4 cards(Two cards from UBA, Two cards with Access), while some owns more than these!

Now multiply N200(Card Maintenance) x 190(roughly population stats) = N38,000,000,000 (Thirty Eight Billion Naira) only.

Per Annum; N38,000,000,000 x 12(months)
= N456,000,000,000 (Four Hundred and Fifty Six Billion Naira) only.

Why I used 190million as population stats is because not everyone have access to modern banking systems/services and ATM cards

Interest rates on loan not calculated because it's individual and the amount varies per loan. But for the ATM monthly charges is standard!

Broad day light robbery and yet they want us to believe that there's no money in Nigeria angry

It's not everything you see on paper and online you should believe! They tell lies just to cover the truth because they know that Nigerians are gullible and believes whatever is been presented before them!

Believe me; there's nothing like Card Maintenance;- It's just an indirect way of getting the citizens to pay task which makes it impossible to evade!

Cc: Anonimi

1 Like 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by MrEdimulo82(m): 7:30am On Dec 14, 2017
tstx:
i did exactly that

Nope, you have not...

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nobody: 7:31am On Dec 14, 2017
9jakohai:


I prefer we replaced both with a team of technocrats

You are very correct, but will the society give them the chance?
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nobody: 7:31am On Dec 14, 2017
superstar1:
Economy is simply growing.

Companies are recruiting.

Companies are being established and others are expanding their operations.

Employment rate is increasing.

Agric business is booming

National reserve is increasing

FX rate is stable.

FDI inflow into the country is increasing.

We are having balance of trade.

We are not using our FX to.import tooth picks again, thereby reducing the demand on national reserve and also keeping employment within our shores.

I will re-cast my vote for PMB/PYO by the special grace of God.

We are not earning enough forex, we still import oil massively, and power supply is still poor.

And our economy is still oil dependent, and there is no plan to get us off oil.

Economy may look healthy, but looking healthy does not mean it is healthy. We have a long way to go.

Nigeria must industrialize

5 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by MrEdimulo82(m): 7:31am On Dec 14, 2017
9jakohai:


I prefer we replaced both with a team of technocrats

I like ur mind
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by MrEdimulo82(m): 7:35am On Dec 14, 2017
9jakohai:


We are not earning enough forex, we still import oil massively, and power supply is still poor.

And our economy is still oil dependent, and there is no plan to get us off oil.

Economy may look healthy, but looking healthy does not mean it is healthy. We have a long way to go.

Nigeria must industrialize

Preach, my bro...we are wasting away valuable human resources with our teeming youth population. We need to productive as a nation , right now we are so slow on issues like ds or we play insane politics abt it....Nigeria is so virgin for a lot to be happening industrial wise.... we need power to do all of ds.

2 Likes

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by superstar1(m): 7:36am On Dec 14, 2017
9jakohai:


We are not earning enough forex, we still import oil massively, and power supply is still poor.

And our economy is still oil dependent, and there is no plan to get us off oil.

Economy may look healthy, but looking healthy does not mean it is healthy. We have a long way to go.

Nigeria must industrialize

I appreciate your position and it is commendable. Fortunately none of what I listed cannot be substantiated.

The most important thing is sane minds can recognise that it is looking health while it was comatose last year.

That means we are progressively growing, maybe be slowly.

3 Likes 1 Share

Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by Nobody: 7:36am On Dec 14, 2017
*OSUSTECH* *FRESHER'S* *COMMUNITY*

*PRESS STATEMENT* *PRESS STATEMENT* *PRESS STATEMENT*

With no doubt we the community of the newly admitted students have showed marked enthusiasm for the offered admission and with ecstasy been awaiting the commencement of acceptance fee paying.But with great disappointment which we believe to be a strategize impediment move aimed at us,which is meant to make education inaccessible to us,but what baffles us most is that our community is left in obscurity on why both the acceptance fee and school fees where increased by 125% and in some cases to 215%,the whole community of fresher's in one voice not only kick against but also scorch,and reprobate this gratuitous, supererogatory, chimerical action/decision taken by the school management to ostracize us from affording education.
For this reasons,the Community adjures and behest both all her members and all admitted students not to pay a dime until after proper agreement and negotiations as been made with the school management as beckoned upon us by our Mother body,Comrade Mawonnomi Samuel led S.U.G government,and we strictly plead with our members to adhere to this instruction.
Today's fight will surely give birth to tomorrow's future, if we don't take our stand now,we might be forced to pay 500% of what we are asked to pay in the coming years...we join the SuG community in saying

*save Osustech*
*reduce the fees*
*make education affordable*


It's a fresher that turns to a staylite

Aluta continua,victoria ascerta


Tope dopechef
Chief Fresher
Osustech Fresher's Community

Nnadi Eze
Publicity Director
Osustech Fresher's Community

*PLS REBROADCAST*
Re: Banking Sector Reports 213.69 Million Transactions At N19.33 Trillion In Q3 2017 by OBAGADAFFI: 7:36am On Dec 14, 2017
Intresting

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